In recent years, Ledger Nano has become increasingly popular among crypto enthusiasts due to its superb security features.
Every trader is concerned about the safety of crypto assets. Even the thought of having them stolen is heartbreaking for any trader. Ledger Nano might be what you have been looking for all this time if you wish to sleep well at night knowing that your crypto is in safe hands.
Let’s take a look at and review this hard wallet to see what it has to offer and how to use it.
Ledger Nano X: an overview.
When it comes to cryptocurrency, security should be taken very seriously. No matter how careful you are and how private your data is, you are not immune to security threats. To store your cryptos, you may use online wallets or even the exchange itself. However, neither of these options is ideal.
As technology advances, hackers can gain access to exchanges and online wallets and drain your funds remotely. As a result, the question arises, “Is it possible to guarantee the safety of my crypto?”. Hardware wallets, such as the Ledger Nano X, play an important role in this regard.
Ledger is designed to provide secure solutions for blockchain applications. Since the project began in France in 2014, it has grown into a company with over 300 employees. The brand currently offers three products: the Nano X, Nano S, and Nano S Plus, with the Nano X serving as the company’s flagship product.
Hardware wallets offer a number of benefits.
Hardware wallets are very simple tools in and of themselves. It is possible to store your valuable private keys offline and away from threats such as hackers by using hardware wallets.
Using these secure tools, you will be able to generate a set of private keys that will protect your data. Additionally, the device is secured by a PIN. It eliminates the possibility of physical theft by erasing data after a few failed attempts.
No matter whether your computer is infected with malware or under the control of a hacker, it will not be able to access the hardware wallet without the security phrase that is only known to you.
Support for Ledger Nano X coins and NFT.
Ledger Live, the company’s software, supports over 5500 types of cryptocurrencies at present. The wallet allows users to send, receive, and exchange crypto. Staking is even supported on some assets, so you can earn interest on your crypto.
According to its website, it supports more than 5500 coins, most of which are supported by third-party integrations. Check if your preferred coin is natively supported or if a third-party integration is required. The Ledger website contains a description of the supported coins and their available functions.
In addition to securing NTFS, a ledger is capable of securing coins as well. By doing so, NFT enthusiasts can safeguard their beloved NFTs and ensure their full ownership of them.
Features of the Ledger Nano X.
One of the best hardware wallets is Ledger Nano X. The device’s security has never been breached, and the team behind it has an impeccable safety record.
Nano X is a lightweight pen drive-like device that weighs 34 grams. A USB Type-C cable, an instruction manual, and a keychain strap are included with the Nano X.
In addition to the built-in screen, the device has 2 buttons that enable you to navigate the device. Also, the Nano X model is Bluetooth-enabled, so you can control it from your phone.
There is also a feature called a secret wallet, which lets you create a second wallet and store a small amount of crypto. In an incident such as blackmail, this minimizes the chances of fund loss.
It also has a chargeable battery, so users can use it without plugging it in. This wallet supports up to 100 apps and a wide range of coins, making Nano X a great choice.
The specifications.
Nano X offers users the highest levels of security and seals off any possible entry points for hackers. CC EAL5+ and ANSSI certifications ensure the highest industry-standard security.
The device features the following technical specifications.
- BOLOS is the operating system.
- ST33J2M0 and STM32WB55 chips are available.
- Level of certification – CC EAL5+.
- USB Type-C connector.
- 72mm x 18.6mm x 11.75mm in size.
- 34 grams in weight.
- The materials are brushed stainless steel and plastic.
- 100mAh lithium-ion battery.
- Compatibility – 64-bit computer (Windows 8.1+, macOS 10.14+, Linux), excluding Chromebooks and ARM processors. If you are using a mobile device, you need iOS 13+ or Android 7+.
To update the firmware of the device, it must be connected to a PC via USB.
The setup process.
Connect the ledger to a PC or mobile using either the USB cable provided or Bluetooth. This will trigger the setup, requiring you to create a PIN code. When it is over, you will receive the words to your seed phrase. Make a note of this and keep it safe.
After the security protocols have been completed, pair the Nano X with your PC and install the Ledger Live software. You can safely transfer your coins and private keys using this method.
Whenever you download software that handles your finances, make sure to download from official links or verified providers. There are many malicious software programs that look like the original ones, so you should be careful. Use the official vendor site and protect your data.
Ledger Live App.
This is the application that aids your crypto transactions with the Nano X. If the device is connected while the purchase is happening, the newly bought coins will go straight to the Nano X.
Ledger Live also allows support for BTC selling with the help of Coinify..
Supported Services.
Ledger provides its users with the ability to hold, manage, buy, sell, exchange, and hold. With the help of its software Ledger Live, users can access a wide variety of Defi and NFT groups to expand their crypto horizons. These include Defi platforms.
- 1Inch.
- AAVE.
- LIDO.
- Compound.
Buying a ledger Nano X.
The Nano X device is at US$ 149.00 (including VAT) on their official website. There are discounts available if you buy more than one, and shipping is free of charge.
Make sure to buy from official vendors just as the Ledger Live software to avoid any mishaps that can lead to crypto theft.
Conclusion.
Until the invention of hardware wallets, traders could only use online wallets. Now, they can trade more easily and securely.
Hardware wallets are your best option if you’re looking for safety in your crypto wallet. Ledger Nano X is the best hardware wallet available.
Secured devices, along with Ledger Live software, will ensure the safety of your cryptos and make you sleep easy.
Ledger Nano X Review 
Leave a comment